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Russian Bear Bites Banks
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Business New Haven
9/7/1998
By: Kristine Hansen
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BankAmerica Corp. (BAC) contracted $220 million in trading losses so far this quarter with most of the losses occurring in Russia. BankAmerica is the nations fifth largest bank.
BankBoston Corp. (BKB) announced $30 million in losses in this quarter, with about $10 million in Russia. BankBoston is the 17th largest bank in the U.S.
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